2020-12-31-accounts - The Jerusalem Foundation

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Hain es Watts (City) LLP
9'tatutory AUdltol 5
New Derwent House
69-73Theobalds Road
London WCJX 8TA
Bank Leumi (UK) Ltd
20 Stratford Place
London WC1C 1BG
Adam &Company Pic
22 Charlotte Square
Edinburgh EH2 4DF
Adam &Company Pic
22 Charlotte Square
Edinburgh EH2 4DF
Payne Hicks Beach
Lincoln's inn
10New Square
Holborn
London WC2A 3QG
Veritas Investment Management	LLP,
1st Floor,
90Long Acre,
London WC2E 9RA

Statement ofFinancial Ac	tivities (Inco	rporati	ng	Income and Exp	enditure Account)
		Note		Unrestricted	Restricted	Endowment	Total	Total
				Funds	Funds	Funds	2020	2019
				f	f	f	f	f
Income
Donations				29,988	1,926,164	0	1,956,152	3,878,634
Investment income			4	889	0	30,566	31,455	41,460
Other incoming resources-	funds				~387 952	0	~387 952	3~57 624
drawdown
Totalincome				~30877	2 314116	~30566	~2375 559	4~277 718
Expenditure
Cost ofraising funds				(47,547)	0	0	(47,547)	(91,418)
Investment Management	costs			0	0	(20,600)	(20,600)	(28,697)
Withdrawal offunds				0	0	(388,042)	(388,042)	(365,411)
Charitable activities- donations				0	(2,180,736)	0	(2,180,736)	(2,725,230)
made
Total expenditure				~47547	~2180736	~408642	~26 6924	~3219756
Net (expenditure)/Income				(16,670)	133,380	(378,076)	(261,367)	1,066,962
Net resources expended	before
Other realised gains and	losses			0
Other Unrealised gains						~230775	~230775	~398657
Net movement in funds				16670	~133380	147301	30591	~1465619
Fund balances at 1January 2020				~240 247	~1281659	~3104506	~4626 412	~3160793
Fund balances at 31December 2020				223 577	~1415039	~2957 205	~4595 821	4~626 412

		2020		2019
		6		6
Net cash (outflow)/inflow from	operating
activities			(30591)	1,465,619
(Unrea lised) gain on Investments			(230,775)	(398,657)
Net cash (outflow)/inflow from	operations		(261,366)	1,066,962
Cash flow from investing activities
Fixed asset investment additions			(30,566)	(41,460)
Fixed asset investment disposals			408,642	394,108
Net cash inflow from investing	activities		378,076	352,648
Increase in cash at bank			116,710	1,419,610
Cash atthe beginning ofthe year			1,553,277	133,667
Cash at the end ofthe year			1,669,987	1,553,277

4.	Investment	Income		2020f	2019 f
	Income from listed investments			30,566	23,001
	Bank and other interest			889	~18459
				31455	41460
5.	Investment	Management	costs	2020 f	2019 f
	Investment	management	fees	20600	28 697

implementation of the Trustees' dec organisations as detailed below:	i	sion	t	o	sup	port the	charitable p	urposes and activities	of the named
Restricted donations								2020	2019
								E	E
Aleh								0	380,901
Atta'a Assistance Centre								0	28,500
Azrieli Jersusalem College of Engineering								3,900	3,900
Al Ma Da — teacher training for Arab,	secular			Jewish and Ultra-
Orthodox schools								98,750
BILY - (Bayit Lechol Yeled) —providing children		services			for neglected			29,501	9,850
Beit Beyer —home and day care centre for the elderly Beit Schusterman centre for children and families								30,535 0	6,109 14,250
Beit Alpert Music Centre Beit Natan								0 1,773	475 1,970
Beit Yisrael Synagogue								0	985
East Jerusalem cuItura I projects (Incubator ConservatorY)			Theatre, Music						18,601
Educating towards a shared city teacher			training for schools
involved in coexistence education								48,750	0
Emunah Jerusalem-underprivileged		women			and children			1,376	0
East Jerusalem Educational Projects								0	19p756
Encore l Educational Theatre Company								3,486	1,724
Make Lab								0	2,850
Science Education for Haredi School	Children							0	21,565
Hapoel Katamon Football League The Max Rayne Hand in Hand School Hassadna scholarships								9,500 9,500 101i805	0 0 3,436
Israel Free Loan Association (Anchor)								0	1,970
Jacqueline du Pre Centre for Handicapped Jerusalem Cinematheque			Children					2,375 4,925	2,375 4,137
Jerusalem Botanical Garden								413,507	0
Jerusalem Music Centre								0	15,122
Jerusalem Conservatory Hassadna								0	38,829
Jerusalem Intercultural Centre - non-political					organisation		involved
in making the city culturally representative				of all		residents		38,320	30,391
Jerusalem International Film Festival								19,571	0
Jerusalem CQVID Emergency Appeal								95,230	0
Jerusalem Print Workshop								12,289	12,289
The Davidson Theatre (Home of the	Train		Puppet Theatre)					690,456	390,000
Kiryat Menachem Rachel Karwen Development						Centre		0	9,025
Kiryat Menachem Fablab —educating neighbourhood of Kiryat Menachem		youth from disadvantaged in digital innovation						32,175	32.273
Merkaz Rachel Centre								1,425	0
Sub total								1,649,149	1,061,283
									-16-

Restricted donations	-continued
								2020	2019
								E	E
Nabucco								0	10,500
Ma'ayan School for Disabled Children								25,350	298,860
Manofim								5,910	0
The Max Rayne Hand	in Hand School for		Bilingual		Education			1,425	707,027
Khan Theatre								25,817	0
Mach'shava Tova Mobile Lab								0	59,476
Meitarim (R'Melchoir	School)							6jl19	0
Naggar School ofArt Secular Yeshiva								2,850 38,590	258,545 39,160
Springboard Anti Poverty Campaign								0	73,624
Shared living fund -various projects addressing				coexistence issues
amongst Jerusalem's Pardes Sefer Torah	different communities							95,753 95,982	0 7,832
Pelech High School								7,718	6,698
George Pinto Fellowship —training		for doctoral students					to
establish not-for-profit	initiatives	which	will benefit Jerusalem's
residents								129,184	0
Migdal Hashoshanim	(Pinsker Synagogue)							0	1,502
SLFTribute books								0	4,616
Steinsaltz								4,012	0
Talking Peace —supporting peaceful community					relations		by
fostering dialogue between leading Jewish and Muslim Women's Counselling Center- Woman's therapy						figures		3,940 15,742	0 15,860
Uvacharta								0	23,750
Yad Sarah								1,970	0
Shaare Zedek UK								0	50,000
Fuererstein Institute Therapy								1,574	0
Youth Cafe Kiryat Menachem								0	44,942
Other donations less	than E1,000	each						~10754	~1198
Tota I								~2122139	2 664.873
Khan Theatre Endowment Fund
Grants remitted for annualmaintenance			repairs					~14547	~23 012
Support costs —note	7							44050	37345
Total donations including support		costs						~2180736	2 725 230

The breakdown ofsu	pport costs is shown in the table below	.
		2020	2019
		Total	Total
Auditors' fees for audit services		Tp200	6,000
Auditors' fees for other services		300	300
Prism administration	fee	35,920	30,300
Other costs		630	745
		~44 050	37345

Fixed asset	investments		2020	2019
			E	E
Fair value	at 1January 2020		3,079,135	3,033,126
Acquisitions			30,566	41,460
Disposals			(408,642)	(394,108)
Revaluation			~230775	~398657
Fair value	at31December 2020		~2931834	~3079135
			2020	2019
			Total	Total
			f	f
Investments	held are analysed	as follows:
Fixed interest			0	455,660
Equities			2,899,645	2,269,407
Investment	trusts and unit trusts		0	0
Cash deposits			~32189	~354068
			2 931834	~3079135

Creditors:	amounts	falling	due	within	one	year	2020 f	2019 f
Accruals							6000	6000

Analysis ofnet assets between	Analysis ofnet assets between
funds
		investments	Current	Current	Fund
			Assetsf	Liabilities f	totals f
Endowment funds:
Expendable;
Khan Theatre Endowment	Fund	657,124	0	0	657,124
The Teddy Kollek General
Maintenance Fund		1,314,456		0	1,314,456
The Della and Fred 5Worms
Endowment Fund		~960 254	~25 371	0	~985625
Total endowment funds		~2931834	~25 371	0	~2957 205
Restricted funds:
Harei yehuda Endowment	Fund
Khan Theatre Endowment	Fund
Donations and gifts received
for specified purposes		0	1,415,039	0	1,415,039
Total restricted funds		0	~1415039	0	~1415039
Unrestricted funds:
Designated:
The Teddy Kollek General
Maintenance Fund			0	0	0
General administration account			229,577	(6,000)	223,577
Total unrestricted funds		0	229 577	L66000.	~223 577
TotalFunds		~293183	1669987	~6000	~95821